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Pastimes : Home on the range where the buffalo roam
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To: jjkirk who wrote (3606)8/11/2000 9:35:31 PM
From: DlphcOracl  Read Replies (3) of 13572
 
jjkirk: Although you didn't ask for my two cents, I have owned NTAP for about 1 1/2 years. If I might suggest the following: NTAP reports earnings next week, which will be volatile since it is the week before the 8/22 FOMC meeting. If NTAP behaves as many other stellar tech stocks have, they will report great earnings, have their report nitpicked to death, and sell off sharply. This might provide a good entry point for NTAP.

I am not a technical analyst but, at the NASDAQ low of 3080, NTAP was in the mid-60's. My gut feeling is that NTAP in the low-to-mid 70's would be a nice entry point. Regardless, this is one of the bellwethers in the storage sector; in the context of a LT hold, a few points here or there will be meaningless.

Hope this helps.
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